Microsoft Deal: Microsoft acquires Activision Blizzard and King studios for $68.7 billion

With this deal, Microsoft will overtake Tencent and Sony as the world's third-largest gaming company in terms of revenue.

Microsoft Deal: Microsoft acquires Activision Blizzard and King studios for $68.7 billion

Another high-profile video game firm is set to be acquired soon. The acquisition of Activision Blizzard Inc by Microsoft will be the largest deal in the video game industry by far. The closest comparison is Take-$12.7 Two’s billion acquisition of mobile game giant Zynga, which was disclosed more than a week ago. Activision Blizzard has been purchased by Microsoft. Microsoft Deal: Microsoft acquires Activision Blizzard and King studios for $68.7 billion

Microsoft Deal: Microsoft acquires Activision Blizzard and King studios for $68.7 billion

With this deal, Microsoft will overtake Tencent and Sony as the world’s third-largest gaming company in terms of revenue. Satya Nadella, the CEO of Microsoft has said, “Gaming is the most dynamic and exciting category in entertainment across all platforms today and will play a key role in the development of metaverse platforms.”

He also said “We’re investing deeply in world-class content, community, and the cloud to usher in a new era of gaming that puts players and creators first and makes gaming safe, inclusive, and accessible to all.”

Microsoft’s offer of $95 per share represents a 45 percent premium over Activision’s stock, which was trading at $89.55 on Friday. We can see from this that Microsoft is eager to be a part of the growing gaming market. Since purchasing Mojang, the creator of Minecraft, for $2.5 billion in 2014, the business has made a number of successful high-profile acquisitions. Bethesda was also purchased for $7.5 billion in 2020. Activision Blizzard will now attempt to grow beyond its XBOX console titles to mobile and other platforms with Activision Blizzard.

Also Read: Xbox Halo Infinite: How to use threat sensor in Halo Infinite

According to Microsoft, over 3 billion people play games across several platforms, making gaming the largest and fastest-growing form of entertainment. Microsoft will be able to expand its gaming metaverse across PC, console, mobile, and cloud platforms as a result of this acquisition.

Microsoft will now own popular gaming properties and titles such as StarCraft, Overwatch, Diablo, Candy Crush, Call of Duty, World of Warcraft, and many others. As a result, Microsoft’s gaming industry is set to grow significantly in the future, with games spanning different genres and platforms.

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